Section 90. Purchase by housing companies

Latest version.

Before any housing company shall
  purchase  the  property  of  any other housing company, it shall file an
  application with the commissioner in the manner hereinbefore provided as
  for a new project and shall obtain the consent of  the  commissioner  to
  the purchase and agree to be bound by the provisions of this article and
  the  commissioner  shall  not give his consent unless it is shown to the
  satisfaction of the commissioner that the project is  one  that  can  be
  successfully operated according to the provisions of this article.

                    
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